"Bitcoin Could Fall Below $50,000 If Remaining Bid Support Is Gone, According to New Analysis. Popular trader Peter Brandt asserts that Bitcoin buyers must hold on to $60,000. BTC once traded below $50,000 in mid-February, before reaching an all-time high of $73,800. However, not everyone believes that the price of BTC will drop significantly recently. The number of 'whales' holding at least 1,000 BTC is almost at an all-time high. Let's discuss this situation!